Amidst the pandemic, lenders are providing opportunities to help borrowers tackle their financial difficulties. Many lenders are offering loan extensions for a couple of months, reducing the interest rates and other flexibility options. Any future repayments that you encounter have to be made after taking precautions. Ensure that you obtain secure written documentation of the […]
Andrej Kovacevic
5 Steps for SMBs to Offer Cost-Effective Customer Support
Customer loyalty and retention is crucial to the sustainability of a business, especially for a small business trying to expand. A 5% increase in customer retention equals a 25% increase in profit because the average spending of a repeat customer tends to be higher and happy customers often act as ambassadors for the brand within […]
3 Crucial Best Practices for Small Businesses to Survive a Recession
Right now, small business owners all over the world are operating in one of the most difficult economic climates in a generation. The one-two punch of an already slowing global economy combined with the worldwide disruption wrought by the coronavirus (COVID-19) is leaving many of them in a precarious situation. Some won’t survive, and others […]
Uncertain About Philanthropy? 6 Reasons Why Your Business Should Give Back
A good number of business owners see philanthropy as something that only big and very successful businesses should engage in. While it is difficult to give when you are struggling financially, smart businesses know that philanthropy can give their enterprises an edge. If you are on the fence regarding philanthropy, here are six reasons why […]
Don’t Follow Napoleon Hill for Project Management Success
Napoleon Hill’s Keys to Success is celebrated as one of the best motivational books on earth, despite the fact it is filled with nothing-advice, sweet-sounding anecdotes, poor logic, and a severe lack of critical thinking. It is filled with bad advice for people undertaking project management. Possibly the most damaging advice is that diligence and […]
4 Simple Steps for SMBs to Support Remote Workers (In a Hurry, if Necessary)
If the past decade should have made one thing clear to small business owners, it’s the fact that remote work is the future. Businesses that support remote workers tend to have lower overhead, higher productivity, and have an easier time recruiting top talent. They’re also able to tap into underrepresented parts of the labor pool, […]
3 Easy Tactics For Busy Small Business Owners to Invest for Retirement
Ask a typical small business owner how much of their time is dedicated to their company. They’re likely to laugh and ask you if you’re making an attempt at a joke. That’s because the average small business person invests the vast majority of their time to make their venture a success, often to the exclusion […]
Increasing Profit Isn’t a Goal, It’s a Wish
According to estimates, 80% of businesses fail by their fifth year of operation. Startling odds, to say the least. However, the 20% that make it beyond this time frame is testament enough that by doing things better and differently, it is possible to enjoy longevity and profitability in entrepreneurship. At times, improving your internal business […]
How to Start a Home-Based Bookkeeping Business with No Prior Experience
When it comes to work-from-home opportunities, there’s plenty of attention paid to things like affiliate marketing and e-commerce. That makes good sense since those have been reliable ways to earn money for a long time now. They also have fairly low barriers to entry and just about anyone can get started in those fields with […]
4 Ways Gym Owners Can Keep Their Staff Happy
Happy gym employees are vital to the success of a fitness facility. When everything is going well with your staff, your business will run smoothly and when they are not, the reverse is usually the case. Equipment falls into disrepair, clients are treated poorly, and membership plummets. So how can gym owners keep their staff […]
